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Off market
  • $1,111,300

    4865 Highway 1 N #4, Melbourne, FL 32935

    --beds
    0baths
    6,226sqft
    MultiFamily
    Built in 1951
    -- sqft lot
    $1,111,300 Zestimate®
    $178/sqft
    $1,955 Estimated rent

    What's special

    Here is your chance to buy an income property direct river that will pay you to own it with HUGE upside potential! Consisting of 3 separate structures. 2- Triplexes and a Large 3 Bedroom 2 bath house with 3 adjoining apartments. This multi-family Income property can earn you a nice return on your money, you can do short term rentals to increase the ROI or later on build your dream home . Lot is 1.24 acres, has a coquina sea wall, with city water and sewer available for hookup. This property spins off $93,000 in gross income and is in a prime location in the north Melbourne area (Palm shores proper) Take advantage of this investment opportunity today and make it what it can become..

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Features
    • Flooring: Other
    Interior area
    • Total interior livable area: 6,226 sqft

    Property

    Features
    • Exterior features: Stucco
    Lot
    • Size: 1.24 Acres
    Details
    • Parcel number: 263729DT26

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1951

    Utilities & green energy

    • Utilities for property: City Water, Cable Available

    Community & neighborhood

    Location
    • Region: Melbourne

    Other

    Other facts
    • Equipment/Appliances: Other - Call Agent
    • Floor: Other - Call Agent
    • State/Province: FL
    • Property Status: Standard
    • Prop Type: Income
    • Expenses Include: Insurance, RE Taxes
    • Construction: Concrete Block
    • Parking: Open Parking, Unpaved Drive
    • Utilities: City Water, Cable Available
    • Waterfront: Yes
    • Measurements From: Tax Rolls
    • Style: Efficiency/Studio, One Story
    • Roof: Shingle - Asphalt
    • Exterior Finish: Stucco
    • Waterfront Type: Indian River
    • General County Loc: South
    • Subdivision/Condo Nm: HONEYBROOK PLANTATION
    • Buildings: 3 Buildings
    • Lot Description: County
    • Fixer Upper: Yes
    • Schools: Middle School: DeLaura
    • Schools: High School: Satellite
    • Schools: Elementary School: Creel
    • Status: Contingent
    • # of Units: 10
    • Property Type: B
    • Rent Includes: Other
    • Tax ID: 26-37-29-Dt-00000.0-0026.00
    • Legal Desc: HONEYBROOK PLANTATION LOT 26 EX HWY R/W
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $1,111,300
    2% more+ $22,226
    With Zillow Showcase(estimated)
    $1,133,526